The Drilldown: Cenovus CEO defends Conoco deal

The CEO of Cenovus Energy Inc. said its acquisition of ConocoPhilips’ stake in the oilsands will make the company more financially resilient, reports the Financial Post. The company recently announced a blockbuster $17.7 billion deal to buy the assets, which is requiring the Canadian firm to put in place a complex asset divestiture plan that has gained the interest of investors.